PEGAS Trading
The product range of PEGAS covers spot and derivatives contracts for the major European gas hubs as well as trading in location and time spread products, and options trading on TTF. Please click on hubs for descriptions.
The ETF hub is located in Denmark and operated by Energinet.dk. It was launched in 2008 by Gaspoint Nordic which integrated PEGAS in 2016. Tradable contracts include spot and futures instruments, ranging from Intraday trading to the next month. The trading unit is Euro/MWh and the volume unit is MW.
The GASPOOL delivery area is one of Germany’s two delivery zones. It is a virtual delivery point operated by GASPOOL Balancing Services since 2009. Tradable GASPOOL contracts on PEGAS include spot and futures instruments, ranging from Intraday trading to the next 4 calendar years. The trading unit is Euro/MWh and the volume unit is MW.
The National Balancing Point (NBP) market area is located in the United Kingdom. This virtual trading point, Europe’s second most liquid gas trading zone, is operated by National Grid. Tradable NBP contracts include spot and futures instruments, ranging from intraday trading to the next 3 calendar years. The trading unit is pence/therm and the contract volume unit is kth/day.
Zeebrugge Trading Point (ZTP) is the newer virtual gas trading point in Belgium, operated by Fluxys since 2012. Tradable ZTP contracts on PEGAS include spot and futures instruments, ranging from Intraday trading to the next month. The trading unit is Euro/MWh and the contract volume unit is MW.
The virtual trading TTF (Title Transfer Facility) is located in the Netherlands and operated by Gasunie Transport Services since 2003. This virtual trading point is considered Europe’s most liquid market. Tradable TTF contracts on PEGAS include spot, futures, and options instruments, ranging from intraday to the next 4 calendar years. The trading unit is Euro/MWh and the contract volume unit is MW.
The Zeebrugge Hub is the natural gas physical trading point in Belgium. Created and operated by Fluxys since 1999, it is connected to the National Balancing Point (UK) via the Interconnector. Tradable ZEE contracts on PEGAS include spot and futures instruments, ranging from intraday to the next calendar year. The trading unit is pence/therm and the contract volume unit is kth/day.
The Punto di Scambio Virtuale (PSV), or virtual trading point, is located in Italy and operated by Snam Rete Gas. PSV Financial and physical futures launched by PEGAS in 2015. Tradable contracts include futures instruments, ranging from the next 3 months to the next calendar year. The trading unit is Euro/MWh and the contract volume unit is MW.
The CEGH VTP (Central European Gas Hub Virtual Trading Point) market area is located in Austria. It is a virtual trading point operated by CEGH since 2009. CEGH Exchange joined PEGAS in 2016. Tradable contracts include spot and futures instruments, ranging from intraday trading to the next 2 calendar years. The trading unit is Euro/MWh and the contract volume unit is MW.
Located in France, the PEG hub is operated by GRTgaz. It is the result of the merger between PEG Nord and TRS. Tradable PEG contracts include futures instruments, trading up to the next 2 calendar years. The trading unit is Euro/MWh and the contract volume unit is MWh/day.
The French TRS (Trading Region South) is formed by the southern part of the GRTgaz network (ex-PEG Sud), together with the TIGF network in South-West France (ex-TIGF). Spot contracts (intraday, Day-ahead and Weekend instruments) are still traded until the end of October. Futures contracts are traded within the PEG offering. The trading unit is Euro/MWh and the contract volume unit is MWh/day.
The NCG delivery area is one of Germany’s two delivery zones. It is a virtual delivery point operated by NetConnect Germany since 2008. Tradable NCG contracts on PEGAS include spot and futures instruments, ranging from Intraday trading to the next 4 calendar years. The trading unit is Euro/MWh and the volume unit is MW.
CZ VTP is a cooperation between Powernext, Central European Gas Hub (CEGH) and Power Exchange Central Europe (PXE). All spot and futures products are integrated into the PEGAS platform on 8 December 2017. Geographical spread products with TTF, GPL, NCG and CEGH VTP are also available.
PVB is the natural gas virtual balancing point in Spain, operated by ENAGAS GTS. Tradable PVB contracts on PEGAS include spot and futures instruments, ranging from intraday to the next calendar years. The trading unit is Euros/MWh and the contract volume unit is MWh/day.
PEGAS News
E.ON Energiakereskedelmi Ktf. and WIEE Hungary Kft. are authorised to start trading on PEGAS Spot as of 20 December 2018
PPD Global SA starts trading on PEGAS Spot, Derivatives and OTF as of 18 October 2018
MOL Commodity Trading Kft. starts trading on PEGAS Spot and Derivatives as of 12 October 2018
Becoming one of our members
PEGAS market gathers more than 230 market participants across Europe. Our membership includes Spot, Futures and Options instruments for up to 10 European countries.
PEGAS uses Global Vision developed by Trayport and T7 developed by Deutsche Börse, both accessible through the Internet. Traders can choose between the Global Vision Direct Screen and their existing Trayport® Integrator, Trading Gateway℠.
Documents available in the Download Section include the Powernext Market Rules and Notices, product specifications, trading calendar, as well as Customer Information and other documents whoch purpose is to help answer any questions that you may have.